Weekly Financial Market Update
November 19, 2018
The three major U.S. equity averages declined between 1.6% and 2.2% last week, which began with Veterans Day celebrations and memorials across the nation. Last week’s losses broke a two-week winning streak for the S&P 500 Index and Dow Jones Industrial Average.
Although October marked the worst performing month for the S&P 500 since 2011, American consumers continued to spend. Retail sales rose 0.8% in October; a big jump after the previous two months which each saw downward revisions to sequential 0.1% declines.
The Consumer Price Index (CPI) climbed 0.3% in October, the largest advance since January, and up 2.5% over the last 12 months. The CPI in simple terms is a measurement of the cost of living for U.S. consumers.
Learn more about these developments in our Weekly Financial Market Update.